Giftify (NASDAQ:GIFT) Issues Quarterly Earnings Results

Giftify (NASDAQ:GIFT) announced its earnings results on Monday. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.02, Zacks reports. Giftify had a negative return on equity of 39.60% and a negative net margin of 10.32%.The business had revenue of $21.75 million during the quarter, compared to the consensus estimate of $20.20 million.

Giftify Stock Down 0.5%

NASDAQ GIFT traded down $0.00 on Wednesday, reaching $0.95. The stock had a trading volume of 29,152 shares, compared to its average volume of 84,927. The company has a current ratio of 1.00, a quick ratio of 0.60 and a debt-to-equity ratio of 0.03. Giftify has a 1 year low of $0.74 and a 1 year high of $1.29. The business has a 50 day moving average price of $0.91 and a 200 day moving average price of $0.97. The company has a market capitalization of $32.24 million, a price-to-earnings ratio of -2.95 and a beta of -1.35.

Institutional Investors Weigh In On Giftify

An institutional investor recently raised its position in Giftify stock. Susquehanna International Group LLP lifted its position in Giftify, Inc. (NASDAQ:GIFT) by 62.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,007 shares of the company’s stock after buying an additional 17,234 shares during the quarter. Susquehanna International Group LLP owned about 0.15% of Giftify worth $48,000 as of its most recent filing with the SEC.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Giftify in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

About Giftify

Giftify, Inc (NASDAQ: GIFT) is a US-based technology company specializing in digital gift solutions for businesses across retail, hospitality and corporate sectors. The company’s cloud-based platform enables brands and organizations to create, distribute and redeem e-gift cards and e-vouchers through multiple channels, including email, SMS and API integrations. By offering a turnkey solution for branded gifting campaigns, Giftify helps clients drive consumer acquisition, retention and incremental revenue.

Central to Giftify’s offering is a suite of management tools that enable real-time tracking of gift card inventory, performance analytics and customer engagement metrics.